Financial Highlights
in millions, except per share data; years ended December 31
| Income Statement | 2008 | 2007 |
| Net interest income | $ 1,815 | $ 2,003 |
| Provision for loan losses | 686 | 212 |
| Net income | 213 | 686 |
| Preferred stock dividends | 17 | – |
| Net income applicable to common stock | 196 | 686 |
| Diluted net income per common share | 1.29 | 4.43 |
| Cash dividends declared per common share | 2.31 | 2.56 |
| Book value per common share | 33.31 | 34.12 |
| Market value per common share | 19.85 | 43.53 |
| Average common shares outstanding – diluted | 151 | 155 |
| Ratios | ||
| Return on average assets | 0.33% | 1.17% |
| Return on average common shareholders’ equity | 3.79 | 13.52 |
| Average common shareholders’ equity as a percentage of average assets | 7.93 | 8.66 |
| Tier 1 common capital as a percentage of risk-weighted assets | 7.08 | 6.85 |
| Tier 1 capital as a percentage of risk-weighted assets | 10.66 | 7.51 |
| Total capital as a percentage of risk-weighted assets | 14.72 | 11.20 |
| Tangible common equity as a percentage of tangible assets | 7.21 | 7.97 |
| Balance Sheet (at December 31) | ||
| Total assets | $67,548 | $ 62,331 |
| Total earning assets | 62,374 | 57,448 |
| Total loans | 50,505 | 50,743 |
| Total deposits | 41,955 | 44,278 |
| Total preferred equity | 2,129 | – |
| Total shareholders’ equity | 7,152 | 5,117 |
